Tag Archives: SME

EIB and TBC Bank Partner to Boost SME Financing in Georgia

(IN BRIEF) The European Investment Bank (EIB) has signed a guarantee agreement with TBC Bank, supported by the European Union, to provide favorable financing terms and reduced collateral requirements for the local private sector in Georgia. This partnership will enable … Read the full press release

European Investment Bank and Bank of Georgia Partner to Boost Green Investments and SME Growth with €50 Million Loan

(IN BRIEF) The European Investment Bank (EIB) has inked a €50 million loan agreement with the Bank of Georgia, aimed at supporting small and medium-sized enterprises (SMEs) and mid-cap companies, while also promoting sustainable economic recovery and growth. Notably, a … Read the full press release

EBRD Launches Risk-Sharing Framework with ProCredit Bank Kosovo to Boost SME Financing and Sustainability

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has initiated a risk-sharing framework for Kosovan banks, with ProCredit Bank Kosovo (PCBK) becoming the first partner bank to join. This framework allows the EBRD to share partner banks’ exposure … Read the full press release

EIB Launches EU4Business Guarantee Facility to Boost SME Financing in Eastern Partnership Countries

(IN BRIEF) The European Investment Bank (EIB) Group has introduced the EU4Business Guarantee Facility, in collaboration with the European Investment Fund, aimed at supporting small and medium-sized businesses (SMEs) in Eastern Partnership countries, including Armenia. This initiative provides partial portfolio … Read the full press release

EIB and Banca Intesa Beograd Join Forces to Boost Green Investments and SME Growth in Serbia

(IN BRIEF) In a significant move, the European Investment Bank’s (EIB) global arm, EIB Global, and Banca Intesa Beograd have signed a €100 million credit line aimed at supporting small and medium enterprises (SMEs) and mid-caps in Serbia. This initiative … Read the full press release

EIB and Luminor Bank Sign €115 Million Agreement to Boost SME Financing in the Baltic States

(IN BRIEF) The European Investment Bank (EIB) and Luminor Bank AS have inked a €115 million agreement to enhance lending to small and medium-sized enterprises (SMEs) and mid-cap companies in Estonia, Latvia, and Lithuania. The collaboration between the EIB and … Read the full press release

Moroccan SME Neodenim Adopts Sustainable Clothing Production with EBRD Support

(IN BRIEF) Moroccan SME, Neodenim, supported by the European Bank for Reconstruction and Development (EBRD), has adopted more energy-efficient and sustainable clothing production practices. With the installation of new machines, the company now reduces energy, water, and chemical consumption during … Read the full press release

European Investment Bank and Bulgarian Development Bank Collaborate to Enhance SME Financing in Bulgaria

(IN BRIEF) The European Investment Bank (EIB) and Bulgarian Development Bank (BDB) have signed a €175 million loan agreement to improve access to finance for small and medium-sized enterprises (SMEs) and mid-caps in Bulgaria. The loan aims to support companies … Read the full press release

NLB Banka Prishtina Becomes EBRD Partner to Empower Women Entrepreneurs in Kosovo

(IN BRIEF) NLB Banka Prishtina has partnered with the European Bank for Reconstruction and Development (EBRD) in Kosovo. The EBRD has provided two loans totaling €10 million to NLB Prishtina, which will lend the funds to small businesses in Kosovo, … Read the full press release

Crédit Agricole Partners with Coface to Support International Expansion of Corporate Clients

(IN BRIEF) Crédit Agricole has signed a distribution agreement with Coface to offer credit insurance products to its corporate clients engaged in international trade. The economic slowdown and inflation of the past year have impacted payment behavior, particularly affecting small … Read the full press release

European Investment Fund Grants €110 Million Guarantee to BPER Banca Group to Support SMEs and Sustainable Investments

(IN BRIEF) The European Investment Fund (EIF) has provided a guarantee worth €110 million to the BPER Banca Group, comprising BPER Banca and Banco di Sardegna, with the assistance of Banca Finint. This agreement aims to boost investments by small … Read the full press release

University of Liverpool joins Innovate UK Microbials Accelerator to help SMEs commercialise microbial technologies

(IN BRIEF) The University of Liverpool is part of a consortium that has launched the Microbials Accelerator, a programme aimed at supporting SMEs in scaling their businesses and securing funding for the commercialisation of innovative microbial technologies. The programme is … Read the full press release

EBRD provides €100m financing package to support SME development in Serbia through Banca Intesa Belgrade

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing a €100m loan to Banca Intesa Belgrade to support small and medium-sized enterprises (SMEs) in Serbia. The loan will be on-lent to local businesses and improve their access … Read the full press release

NIB and Norwegian bank Sparebanken Møre partner for NOK 500m SME loan facility

(IN BRIEF) NIB and Sparebanken Møre have teamed up to launch a six-year loan programme to finance small and medium-sized enterprises in the Norwegian market area Nordvestlandet. The NOK 500m ($56.3m) loan programme will fund projects that will boost the … Read the full press release

The Solas Sustainable Energy Fund ICAV (SSEF) now has €220 million in committed capital  aimed at supporting energy efficiency and renewable energy projects across the European Union

SSEF, backed by its cornerstone investors including MEAG (the asset manager of Munich Re and ERGO) and the EIB, and supported by the EU LIFE Programme, is providing financing for much-needed energy efficiency and behind-the-meter renewable energy projects across the … Read the full press release

SMEs can quickly benchmark their digitization level towards competitors with Deutsche Telekom’s DigiApp2Go

Work out a structured self-assessment of digitization Compare your own maturity level with the status of the competition Intensive workshop with experts for individual recommendations (PRESS RELEASE) BONN, 9-Feb-2022 — /EuropaWire/ — Deutsche Telekom (ETR: DTE), one of the world’s … Read the full press release

New research unlocks long tail growth opportunity for the tech industry

Are Freelancers the Long-Tail Channel of the Future

(PRESS RELEASE) COPENHAGEN, 25-May-2021 — /EuropaWire/ — A new study looking into the business models and strategies of freelancers has revealed a unique and untapped growth opportunity for digital service providers. Freelancers today represent a growing labour market segment, one … Read the full press release

Mono Solutions recognizes Norwegian small business agency with best website 2021 award

(PRESS RELEASE) COPENHAGEN, 14-Apr-2021 — /EuropaWire/ — Mono Solutions has named Norwegian lawyer’s Høgseth DA’s website, https://advokathogseth.no, as its top website of 2021. The site, designed by Norwegian agency, Idium, topped 105 European entries – all  created on the Mono … Read the full press release

Mono Solutions and Xrysos Odigos unlock new opportunities for small businesses

COPENHAGEN, 12-Apr-2021 — /EuropaWire/ — Mono Solutions and Xrysos Odigos have partnered to bring websites and online business models to thousands of small businesses across Greece. Xrysos Odigos provides turnkey digital marketing services to help small businesses thrive online, being … Read the full press release

Henrik Stampe Appointed CEO for Mono Solutions

Henrik Stampe appointed CEO of Mono Solutions

(PRESS RELEASE) COPENHAGEN, 15-Feb-2021 — /EuropaWire/ — Mono Solutions, part of Bauer Media Group, strengthens its leadership team with the appointment of Henrik Stampe as CEO, effective 15th February 2021. Henrik will report to Natasha Zharinova, President of Bauer Media Group’s … Read the full press release

Inmarsat announces shortlisted candidates of ‘Open Innovation Challenge’ for crew welfare

(PRESS RELEASE) LONDON, 22-Oct-2020 — /EuropaWire/ — Inmarsat, the world leader in global, mobile satellite communications, announces the three finalists to the ‘Open Innovation Challenge’, a global competition aimed at identifying new technologies to benefit crew safety, health and wellbeing … Read the full press release

UniCredit ELITE CEE Lounge welcomes 8 new SMEs from Central and Eastern European countries

(PRESS RELEASE) MILAN/LONDON, 19-Nov-2019 — /EuropaWire/ — UniCredit announces 8 new companies joining the UniCredit ELITE CEE Lounge today. ELITE and UniCredit established UniCredit CEE Lounge to leverage the London Stock Exchange Group’s ELITE platform to support the growth of … Read the full press release

EBRD supports Romanian MSMEs through €20 million loan to Crédit Agricole Romania

(PRESS RELEASE) LONDON, 11-Sep-2019 — /EuropaWire/ — EBRD and Crédit Agricole Romania sign €20 million loan, in Romanian lei equivalent, to help support local micro, small and medium-sized enterprises (MSMEs), a vital sector of Romania’s economy in terms of wealth … Read the full press release

QBE further expands SME product distribution by launching Office insurance on Open GI’s commercial platform, Powerplace

Business insurance specialist QBE has further expanded its SME product distribution by launching Office insurance on Open GI’s commercial platform, Powerplace. WORCESTER, 27-Nov-2018 — /EuropaWire/ — The launch will see the product available across all Open GI broker platforms including Mobius … Read the full press release

KfW-ifo SME Barometer: German SMEs optimistic about the future despite recent truce in the trade conflict between US and EU

Business sentiment of small and medium-sized enterprises continues to improve Large enterprises are also more optimistic Robust upswing, but many risks remain Frankfurt am Main, 11-Sep-2018 — /EuropaWire/ — With the recent truce in the trade conflict between the US and … Read the full press release

Barclays takes significant minority stake in fintech company MarketInvoice

LONDON, 06-Aug-2018 — /EuropaWire/ — Barclays has today announced that it is partnering with leading fintech business MarketInvoice, Europe’s largest online invoice financing platform, in a deal that is set to transform the way small and medium enterprises (SMEs) in the … Read the full press release

SME business climate dipped slightly in February but remains on a high level – KfW-ifo SME Barometer

SME business climate drops moderately as expectations decline But SMEs still rate their current situation better than ever Large enterprises are clearly less optimistic Growth rate is on the way back to normality Frankfurt am Main, 09-Mar-2018 — /EuropaWire/ — After … Read the full press release

Nordic Environment Finance Corporation (NEFCO) to launch export credits for SME environmentally-friendly projects in Russia, the Ukraine and Belarus

Nordic Environment Finance Corporation (NEFCO) will begin offering export credits for small-scale projects with environmental benefits in Russia, the Ukraine and Belarus. The export credits are intended for Nordic companies export deliveries valued at EUR 0.5-5 million. Nordic export credit … Read the full press release

Finnvera launched EUR 230 million floating rate note maturing in August 2018

Finland, 21-10-2013 — /EuropaWire/ — Finnvera launched on 8 October 2013 a SEK 2 billion (approx. EUR 230 million) floating rate note maturing in August 2018. The note was issued under the company’s EMTN (Euro Medium Term Note) programme. Finnvera’s EMTN programme … Read the full press release

EBRD President Sir Suma Chakrabarti visited Romania and met with Romanian President Traian Basescu

New SME credit helps small firms gain access to finance 20-6-2013 — /europawire.eu/ — The EBRD reached out to small Romanian companies on Monday during a week when EBRD President Sir Suma Chakrabarti’s first visit to the country underscored the Bank’s … Read the full press release

Middle East and North Africa (MENA) SME Facility established to expand access to finance for small businesses

Amman, Jordan, 27-5-2013 — /europawire.eu/ — IFC, a member of the World Bank Group, the European Investment Bank (EIB), Agence Française de Développement (AFD), and the European Commission through the  Neighborhood Investment Facility (NIF) are working together to provide funding for … Read the full press release

European Commission takes action to protect businesses against marketing scams

Brussels, 28-11-2012 — /europawire.eu/ — Today, the European Commission outlined a series of actions to tackle marketing scams, such as those of misleading directory companies. The aim is to better protect businesses, professionals and NGOs across Europe from dishonest traders who … Read the full press release

SME WEEK: EU needs more women entrepreneurs to create growth and jobs

Brussels, 22-10-2012 — /europawire.eu/ — Women’s entrepreneurial potential is underexploited and the EU needs more women entrepreneurs to create growth and new jobs. This was the main message of today’s European SME Week Summit in Brussels which focuses on encouraging women to … Read the full press release

Antonio TAJANI Vicepresidente della Commissione europea, responsabile per l’Industria e l’Imprenditoria Il Vicepresidente della Commissione europea Antonio Tajani inaugura la Settimana delle PMI e del Mercato unico Vent’anni del mercato interno, Sala della Protomoteca, Campidoglio/Roma 15 October 2012

Il Vicepresidente della Commissione europea Antonio Tajani inaugura la Settimana delle PMI e del Mercato unico Sala della Protomoteca, Campidoglio/Roma, 18-10-2012 — /europawire.eu/ — INTRODUZIONE Il Nobel attribuito all’Unione europea è un riconoscimento alla pace e alla prosperità realizzata con oltre sessant’anni … Read the full press release

Small and medium sized enterprises in 2011: situations per EU Member State

Trends in the SME sector for Austria

18-10-2012 — /europawire.eu/ — The Commission annually assesses progress in implementation of the Small Business Act (SBA)1 at national level. This memo describes the results of the assessment as illustrated by country specific SBA factsheets2, composed on the basis of a wide … Read the full press release

SMEs in Europe at the crossroads: further policy boost needed to help in recovery

Note: 2011 and 2012 figures are estimates.

17-10-2012 — /europawire.eu/ — Europe’s Small and Medium Sized enterprises (SMEs) continue to strive for recovery. If we take the EU as a whole so far their overall efforts have mainly led to ‘jobless’ growth, as shown by diverging trends in … Read the full press release